Coffee with Craig Show – daily CRE news covering the CEE region, Tuesday, May 30, with Winston Norman, Editor and Chief of EuropaProperty.com.
Prvý realitný fond expands its portfolio with another property
Prvý realitný fond (The First Real Estate Fund) has acquired the Pribinova 19 office building, which is part of the Eurovea City waterfront district in Bratislava. The more than 28,000 sqm building meets strict environmental criteria, as evidenced by the LEED Gold certificate.
“The Pribinova 19 building is characterized by a strong and high-quality composition of international and domestic tenants and an excellent location near the Eurovea shopping centre and the relaxation zone of the Danube embankment, which perfectly complements the current portfolio of office buildings in the First Real Estate Fund”, says Tomáš Trebula, IAD Investments’ transaction manager.
EBRD approves loan to NREP for new housing in Poland
The EBRD has approved a €50 million loan to NREP Nordic Strategies Fund IV to finance two residential rental projects in Warsaw. The new residential units will help tackle Poland’s chronic shortage of rental accommodation – something that is in even shorter supply since the arrival of 1.5 million Ukrainians fleeing the Russian invasion.
Vlaho Kojakovic, EBRD Director for Property and Tourism, said: “The demand for medium- and long-term housing in Poland was already high prior to the influx of refugees from Ukraine. By financing new residential housing, the Bank is supporting both the host community and the refugees.”
Maciej Piotrowicz, NREP Head of Living Investments in Poland, said: “With the EBRD loan, NREP will be able to increase the supply of modern rental apartments to benefit tenants from various backgrounds, including young professionals, families with children, and people from abroad.”
LeadCrest Capital Partners announces new industrial sale-leaseback in Poland
LeadCrest Capital Partners announced entering an exclusive long-term partnership with KGL via the acquisition of a 9,500 sqm light industrial and logistics facility in the greater Warsaw area. Founded in 1992, KGL is a Polish speciality chemical company and market leader in food packaging.
Situated in the Greater Warsaw area, the asset enjoys a prime location alongside the S7 expressway. The area has attracted significant investments from leading developers as a result of corporates’ growing interest in micro-location.
Georges Asmar, Portfolio Manager at LeadCrest Capital Partners, added: “This new alliance with KGL is another example of our company’s strategy to invest in resilient sectors and partner with robust businesses by offering them a tailored long-term financing solution to fund their growth and energy transition objectives.”
Cornerstone laid for City Point Targówek
Peakside Capital Advisors has started construction of the largest logistics park in Warsaw. It will provide 100,000 sqm of modern and sustainable warehouse space in a prime location near the city centre. The warehouse park will seek top LEED and BREEM certification ratings, and it will also pursue WELL certification, a first for this market segment.
“Sustainability is a priority for the strategic investor Partners Group and for Peakside, with City Point Targówek set to become a flagship project reflecting the companies’ ESG mindset,” said Roman Skowroński, Managing Director of Peakside Capital Advisors in Poland.